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All Forum Posts by: Nathan Guanch

Nathan Guanch has started 1 posts and replied 2 times.

Post: Aspiring Miami Investor

Nathan GuanchPosted
  • Miami, FL
  • Posts 2
  • Votes 2
Hi Kenny, House hacking was definitely a consideration, partly cause of the on-site landlord experience. Though really, staying home for a bit longer is just a better deal (I feel), along with the fact of easier sales to be found in single family. With that said, I would definitely reconsider if the property in question happens to be near the end of my comfortable driving distance.

Post: Aspiring Miami Investor

Nathan GuanchPosted
  • Miami, FL
  • Posts 2
  • Votes 2

Hi BiggerPockets,

My name is Nathan, I live in the Kendale Lakes area of South Florida, I've recently turned 25, and just crave achieving financial independence. I've been working a full time job handling worker's compensation for a little over 2 years, and have been able to save the majority of my earnings due to living at home. I don't make spectacular amounts of money, but the fact that my cost of living is so low certainly helps. So I figured, instead of just rushing to move out, why not start accumulating some wealth building assets? I've always been somewhat interested in real estate, but I also always had the perspective of requiring a ton of money before starting, and that mindset has certainly changed.

My current plan is to acquire at least one property per year, beginning this year, with the intent being to be a buy and hold investor. I know I want to focus on single family homes, primarily because it seems they're easier to sell. I don't particularly mind the idea of buying fixer-uppers and also intend on doing the property management myself. Because of this, I am restricting my search for the first property to under a two hour drive.

Honestly I'm not huge on discussion forums in general, but feel its about time I make the exception. I have done a fair bit of self educating, and feel I am quickly approaching that plateau where I won't learn much more until I actually go out and do it, not to mention the knowledge will be worthless if not utilized.

So with that, I'm glad to finally introduce myself, and look forward to meeting some great people. 

-Nathan